Mondelez International, Inc. $MDLZ Shares Purchased by Wellington Management Group LLP

Key Points

• Wellington Management increased its Mondelez stake by 179.7% in the second quarter, purchasing 673,098 additional shares for a total position worth approximately $60.6 million. Institutional investors collectively own 78.32% of MDLZ.
• Analyst sentiment remains positive, with a “Moderate Buy” consensus and an average price target of $67.30. Barclays, JPMorgan and Jefferies recently maintained or raised bullish ratings and targets.
• Mondelez exceeded quarterly expectations with adjusted earnings of $0.73 per share and revenue of $9.36 billion, while revenue rose 4.1% year over year. The company also raised its quarterly dividend to $0.52 per share, implying a 3.3% annual yield.

Wellington Management Group LLP boosted its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 179.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,047,680 shares of the company's stock after purchasing an additional 673,098 shares during the period. Wellington Management Group LLP owned approximately 0.08% of Mondelez International worth $60,598,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in MDLZ. J.Safra Asset Management Corp acquired a new position in Mondelez International in the fourth quarter valued at $25,000. Advocate Investing Services LLC purchased a new position in shares of Mondelez International in the 4th quarter worth about $25,000. Kemnay Advisory Services Inc. purchased a new position in shares of Mondelez International in the 4th quarter worth about $28,000. McIlrath & Eck LLC acquired a new position in shares of Mondelez International in the 4th quarter valued at about $30,000. Finally, Navalign LLC acquired a new position in shares of Mondelez International in the 4th quarter valued at about $31,000. Institutional investors and hedge funds own 78.32% of the company's stock.

Analyst Upgrades and Downgrades

MDLZ has been the subject of a number of research reports. Freedom Capital cut Mondelez International from a "strong-buy" rating to a "hold" rating in a report on Friday, June 26th. Barclays lifted their price target on shares of Mondelez International from $68.00 to $70.00 and gave the company an "overweight" rating in a research report on Thursday, July 30th. JPMorgan Chase & Co. boosted their price objective on shares of Mondelez International from $70.00 to $72.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 29th. Weiss Ratings raised shares of Mondelez International from a "hold (c-)" rating to a "hold (c)" rating in a research report on Monday, August 3rd. Finally, Jefferies Financial Group restated a "buy" rating and set a $73.00 target price on shares of Mondelez International in a report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $67.30.

Mondelez International Trading Up 1.4%

Shares of MDLZ opened at $62.45 on Thursday. The company has a market capitalization of $79.71 billion, a P/E ratio of 22.96, a P/E/G ratio of 2.41 and a beta of 0.39. Mondelez International, Inc. has a one year low of $51.20 and a one year high of $66.65. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.40 and a current ratio of 0.60. The stock has a 50-day moving average price of $61.51 and a 200 day moving average price of $60.24.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $0.73 earnings per share for the quarter, beating analysts' consensus estimates of $0.68 by $0.05. Mondelez International had a return on equity of 14.07% and a net margin of 8.86%.The firm had revenue of $9.36 billion during the quarter, compared to analyst estimates of $9.21 billion. During the same quarter last year, the firm earned $0.73 EPS. Mondelez International's quarterly revenue was up 4.1% on a year-over-year basis. Mondelez International has set its FY 2026 guidance at 2.970-3.120 EPS. Sell-side analysts forecast that Mondelez International, Inc. will post 3.05 EPS for the current fiscal year.

Mondelez International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 14th. Investors of record on Wednesday, September 30th will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.3%. This is a boost from Mondelez International's previous quarterly dividend of $0.50. The ex-dividend date is Wednesday, September 30th. Mondelez International's payout ratio is presently 73.53%.

Insider Transactions at Mondelez International

In related news, CEO De Put Dirk Van sold 133,580 shares of the company's stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $64.08, for a total value of $8,559,806.40. Following the sale, the chief executive officer directly owned 1,326,488 shares of the company's stock, valued at $85,001,351.04. This represents a 9.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.45% of the stock is owned by corporate insiders.

About Mondelez International

Mondelez International is a global snacks company headquartered in Chicago, Illinois, formed in 2012 when Kraft Foods split to create a business focused on snack foods and a separate North American grocery company. Mondelez develops, manufactures, markets and distributes a broad portfolio of snack products intended for retail, foodservice and e‑commerce channels around the world.

The company's product mix centers on biscuits and cookies, chocolate and confectionery, gum and candy, and savory crackers and baked snacks.

Want to see what other hedge funds are holding MDLZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mondelez International, Inc. (NASDAQ:MDLZ - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source